diff --git a/readthedocs/api/v3/tests/test_versions.py b/readthedocs/api/v3/tests/test_versions.py
index d8374c2aeb4..33475f4b313 100644
--- a/readthedocs/api/v3/tests/test_versions.py
+++ b/readthedocs/api/v3/tests/test_versions.py
@@ -28,8 +28,8 @@ def test_projects_versions_list_anonymous_user(self):
         self.assertEqual(response.status_code, 200)
         json_data = response.json()
         self.assertEqual(len(json_data["results"]), 2)
-        self.assertEqual(json_data["results"][0]["slug"], "v1.0")
-        self.assertEqual(json_data["results"][1]["slug"], "latest")
+        self.assertEqual(json_data["results"][0]["slug"], "latest")
+        self.assertEqual(json_data["results"][1]["slug"], "v1.0")
 
         # Versions are private
         self.project.versions.update(privacy_level=PRIVATE)
@@ -54,16 +54,16 @@ def test_projects_versions_list(self):
         self.assertEqual(response.status_code, 200)
         response = response.json()
         self.assertEqual(len(response["results"]), 2)
-        self.assertEqual(response["results"][0]["slug"], "v1.0")
-        self.assertEqual(response["results"][1]["slug"], "latest")
+        self.assertEqual(response["results"][0]["slug"], "latest")
+        self.assertEqual(response["results"][1]["slug"], "v1.0")
 
         # Versions are private
         Project.objects.filter(slug=self.project.slug).update(privacy_level=PRIVATE)
         response = self.client.get(url)
         response = response.json()
         self.assertEqual(len(response["results"]), 2)
-        self.assertEqual(response["results"][0]["slug"], "v1.0")
-        self.assertEqual(response["results"][1]["slug"], "latest")
+        self.assertEqual(response["results"][0]["slug"], "latest")
+        self.assertEqual(response["results"][1]["slug"], "v1.0")
 
     def test_projects_versions_list_other_user(self):
         url = reverse(
@@ -80,8 +80,8 @@ def test_projects_versions_list_other_user(self):
         self.assertEqual(response.status_code, 200)
         json_data = response.json()
         self.assertEqual(len(json_data["results"]), 2)
-        self.assertEqual(json_data["results"][0]["slug"], "v1.0")
-        self.assertEqual(json_data["results"][1]["slug"], "latest")
+        self.assertEqual(json_data["results"][0]["slug"], "latest")
+        self.assertEqual(json_data["results"][1]["slug"], "v1.0")
 
         # Versions are private
         self.project.versions.update(privacy_level=PRIVATE)
diff --git a/readthedocs/builds/migrations/0066_alter_version_options.py b/readthedocs/builds/migrations/0066_alter_version_options.py
new file mode 100644
index 00000000000..d897d930532
--- /dev/null
+++ b/readthedocs/builds/migrations/0066_alter_version_options.py
@@ -0,0 +1,17 @@
+# Generated by Django 5.2.8 on 2025-12-04 21:26
+
+from django.db import migrations
+
+
+class Migration(migrations.Migration):
+
+    dependencies = [
+        ('builds', '0065_task_executed_at'),
+    ]
+
+    operations = [
+        migrations.AlterModelOptions(
+            name='version',
+            options={'ordering': ['verbose_name']},
+        ),
+    ]
diff --git a/readthedocs/builds/models.py b/readthedocs/builds/models.py
index 99669386a31..b6f5e0d21ee 100644
--- a/readthedocs/builds/models.py
+++ b/readthedocs/builds/models.py
@@ -191,7 +191,7 @@ class Version(TimeStampedModel):
 
     class Meta:
         unique_together = [("project", "slug")]
-        ordering = ["-verbose_name"]
+        ordering = ["verbose_name"]
 
     def __str__(self):
         return self.verbose_name